Shiba Inu Whale Moves 233B SHIB Through Coinbase as Shytoshi Relocation Sparks Speculation
On Nov. 12, on-chain watchers recorded an internal Coinbase movement of roughly 233 billion Shiba Inu (SHIB) tokens attributed to a single whale, a transfer that circulated through exchange wallets rather than being withdrawn to cold storage. The timing coincided with renewed attention on Shytoshi’s reported relocation, which has amplified social media chatter and negative sentiment among parts of the community.
Large internal exchange flows can reflect a range of operational reasons — custody reshuffling, accounting adjustments, OTC settlement preparation — but they can also precede changes in available liquidity that affect price. Coinbase has not commented on the transfer. Traders and holders should be alert for increased volatility as markets and the Shiba community parse whether this was routine exchange activity or a precursor to broader market movement.